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Litigation

Apr. 15, 2015

Federal judge tosses for now American Apparel shareholder suit

U.S. District Judge Michael W. Fitzgerald took issue with plaintiffs not telling him when exactly company's notorious ex-leader Dov Charney should have been canned.


By Matthew Blake


Daily Journal Staff Writer


American Apparel Inc. and its former CEO Dov Charney may be off the hook for now in a shareholder derivative suit that assails the company and its board for not firing the flamboyant entrepreneur sooner.


U.S. District Judge Michael W. Fitzgerald indicated Monday that he is inclined to grant defendant's motion to dismiss, a decision that would give American Apparel shareholders Tammy G. Federman a...

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